Mr. Speaker, I will keep my remarks very brief and advise you that the government will be making a more detailed and comprehensive response in the very near future.
However, I want to point out one quick fact that the member opposite conveniently ignores, which is that there have been many studies by many organizations throughout Canada, all agreeing on one thing, that increasing payroll taxes, which this would be—an increase to the CPP is an increase in payroll taxes—for both the employer and the employee could very easily result in job loss.
We heard today in question period that the Canadian Federation of Independent Business, in a study and a research paper done of all of its membership, indicated that if CPP increases did take effect that the members themselves said there would very likely be job loss.
I would suggest to the member opposite that in light of the various studies that have been conducted across Canada by various organizations on this particular matter that there would be no firm position on how many jobs may be lost, depending on which organization is conducting the study.
We will be presenting a detailed response to refute the member's allegations in very short order.
Mr. Speaker, I would ask that you give us at least a few days to prepare our response for presentation in this chamber.